brent oil

Aberdeen Standard Investments

Getting countries with interests as diverse as those of Nigeria, Saudi Arabia, Russia and Venezuela to agree on anything is always going to be challenging. Let alone when it involves something as domestically and geopolitically charged as oil. Show More

Harley Grosser

Last year I formed the view that there were opportunities in oil stocks. A handful of oil producers lagged the oil price as equity investors doubted the sustainability of the rebound. But a number of factors suggest that oil, while the price will of course be volatile, is now well... Show More

Raymond Chan

After spending a week in Moscow, in my observation, Chinese tourists were everywhere in the city while it is very common for Russians to take Mandarin lessons at universities. Since the dissolution of territorial disputes between China and Russia during the Jiang Zemin’s era, the relations between the two countries... Show More

Angela Mangan

The Brent price originally generated a technical sell signal at US$53.06 on 8/3/17. This was identified as the (negative) technical turning point. The decline last night has resulted in further major support being broken which has generated a new technical sell signal. The downside technical price target is located at... Show More

Gavin Wendt

Despite the skeptics, OPEC is doing exactly what it said it would do – which was to dramatically rein in oil production. Global oil output plunged during January as OPEC and non-OPEC producers curbed supply to accelerate a market rebalancing, according to the International Energy Agency (IEA). Oil supplies fell... Show More

Angela Mangan

The Brent price originally generated a technical buy signal at US$34.68 on 22/2/16. A technical sell signal was subsequently generated at US$46.48 on 7/7/16https://www.livewiremarkets.com/wires/32242, with the WTI oil price simultaneously generating a technical sell signal at US$45.18. The oil price has declined by 10% since the technical sell signals were... Show More

Angela Mangan

The Brent price originally generated a technical buy signal at US$34.68 on 22/2/16. The decline overnight has resulted in Brent completing a technical top formation / closing below key support thereby generating a technical sell signal. The technical outlook has turned negative (which is the first trend change in the... Show More

Angela Mangan

Brent crude originally generated a technical buy signal at US$34.68 on 22/2/16 (at that point the technicals turned positive). This was followed by a secondary technical buy signal generated at US$42.78 on 11/4/16. The rally last night has resulted in Brent completing a further upward reversal / closing above resistance,... Show More

Matt Felsman

Chevron has had two assets in Nigeria attacked by militants in a week, the latest yesterday. Also on Friday, Exxon Mobil declared force majeure on exports of Nigeria's largest crude grade as production had been curtailed following damage to a pipeline by a drilling rig. Chevron isn’t the only major... Show More

Andrew Stanley

Origin Energy (ASX:ORG) was boosted by a relatively clean-half year result. The energy market business delivered good growth with margin expansion in ORG’s domestic gas retailing business a noteworthy feature we had been expecting for some time. ORG’s APLNG plant has finally commenced operations with the first train now operational... Show More

Wentworth Securities

Since the lows in Jan 2016, WTI Crude has risen +48.5% and Brent Crude +54.5%. Partly driven by a drop in US shale production, renewed appetite for risk following the "blues" of January, and smoke and mirrors from OPEC. From here though, when you look at the detail surrounding OPEC,... Show More

Angela Mangan

Select key oil stocks have generated technical sell signals over the last week. Given this has occurred in a cluster flags the energy sector as having reached a (negative) turning point and indicates a trend change is underway. The oil price has not (yet) generated a technical sell signal, but... Show More

Angela Mangan

The strong commodity / energy price rally on Friday night resulted in Brent crude and copper reaching (earlier) technical buy signal minimum upside target levels. Recent Wires https://www.livewiremarkets.com/wires/30628have highlighted that QMG clients were alerted back in early February that the resource/ energy sector of the Australian market had turned positive,... Show More

Angela Mangan

The overnight rally has resulted in Brent crude completing an upward reversal / closing above key resistance, thereby generating a technical buy signal. The technical outlook has turned positive.The minimum upside technical price target is located at US$38.90 - the minimum expectation for a rally. As detailed in recent Wireshttps://www.livewiremarkets.com/wires/30628,... Show More

Angela Mangan

Commencing in early February major key mining and oil stocks generated technical buy signals. The fact that this occurred in a "cluster" was positive and significant for the resource / energy sector outlook from a technical perspective, as it is a positive momentum indicator when key stocks in a sector... Show More

Wentworth Securities

Brent crude touched a low of around $27.50, and has since risen around 28% to $35.15, over the last 3 weeks. We saw a similar 25% bounce back in Aug 2015, only to then see prices retrace to new lows. The most recent speculation is around co-operation between Russia and... Show More